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Interest Rate Update – Bank of Canada

Interest Rate Update – Bank of Canada

“The governor of the Bank of Canada says after a decade of low-interest rates around the world the global economy has reached stronger footing where stimulus can be “steadily withdrawn.”

Stephen Poloz’s remarks Monday came as the Bank of Canada signals it will gradually raise its benchmark interest rate from its current level of 1.75 per cent to a so-called neutral stance of somewhere between 2.5 per cent and 3.5 per cent.”

Full article from Financial Post Here

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Evan Jakszuk

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